AYA GOLD & SILVER (TSX: AYA) EXTENDS MINERALIZATION ALONG STRIKE AND AT DEPTH AT ZGOUNDER EAST

Aya Gold & Silver (TSX: AYA) has released 25 additional high-grade silver assay results from the drill exploration program at the Zgounder silver mine in the Kingdom of Morocco.

Key Highlights (all intersections are in core lengths)

• Extension of the eastern strike by DZG-21-25, which intercepted 1,187 grams per tonne ("g/t") silver ("Ag") over 9m including 2,989 g/t Ag over 2.5m
• Definition of high-grade mineralization below the 1,950m level by DZG-SF-22-07, which intercepted 1,748 g/t Ag over 8.5m
• Extension of the vertical depth of the eastern mineralization by DZF-21-27, which intercepted 1,149 g/t Ag over 11.5m including 904 g/t Ag over 5m
• Continuity of the central-eastern mineralization at the 2,050 level by DZF-SF-22-12, which intercepted 1,794 g/t Ag over 5m

"Today's high-grade silver results open up the eastern zone laterally and down dip beyond the previously drilled intersections. Notably, hole DZG-SF-25 opens up near-surface mineralization 50 meters beyond the last section drilled on strike to the east. Additionally, today's results define a cluster of holes below the mine workings in zones previously not well defined, outlining a new area below the 1,950 level. A total of four rigs are now turning at Zgounder to add ounces and deliver value for shareholders," said Benoit La Salle, President & CEO.

Included in this release are results for 25 diamond drill holes ("DDH"), which include five DDH from surface and 20 underground holes. For a full summary of today's results from the 2021 and 2022 drill programs, refer to Appendix 1 for surface results and Appendix 2 for underground results.

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